Stocks were on pace to end the first day of the new earnings season with modest gains, as Boeing's rebound led stocks higher. Jonathan Cheng has details on The News Hub. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... they call it that that the health ... of the sixty two point one ... percent of the tech heavy Nasdaq about awful percent off ... and the SNP five hundred by the court this out ... Jonathan Cheng joins us now from the will Street gentle mocking its ... response to joining us what's ... so markets ... can be lifting ... that's right it's the beginning of earnings season and Ayatollah last time when that's right ... and that means that we get a little bit of are free from cuts the fiscal issues to play Europe will be careful about the debt if we get to trade above the dust is what I don't I don't let all ... out of coal actually in the Dow ... and the interesting things and write our in revenue ... and a very good looking thousand aluminum demand to or have given out new unionism and going away from you try and stop ... as I was good for materials generally and for the global economic story which is why you saw stocks go up today ... also suffered after two days we can argue ... with you for vamps but ... yet but it did help Alcoa to back out of ... a life fifth of March twenty one-on-one Nicola ... Palmer ... the some news that says ... a lot in use today ... for small you have Dan Loeb who is the hedge fund manager behind third Point's ... coming out saying that he actually owns a big stake in Herbalife as you recall last month ... from a life a lot because it another hedge fund guy Bill Ackman ... of Pershing Square Capital said that he ... I was a skeptical about the company and then basically came out and said ... sort of thing because that's what I'm doing and ... so he's been heavily short selling ... and tough ... you've got this battle between the two nd in the middle ... this afternoon comes the SEC's Securities Exchange Commission which says ... for now investigating ... Herbalife ... is with us for counting when the ICC the Bahrain and would become a directly ... it's over the counting all the books co operate with the matter was some ... discrepancies ... look like it so you can see that today's action the thirty first of all when you have an locum at least in the Stock co-op block ... then you see it come down a little bit because people serve pasta while ... Zillow was that was right ... any of the SCC was sent the stock into negative territory but it ... ultimately finished the day up ... still the fifty percent from where was ... this house the full scale the film is ... still strong I'm so OBC will